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FX.co ★ Game of Life: Visionary Insights into the Forex Market!

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Trader Journals:::2024-05-16T03:16:18

Game of Life: Visionary Insights into the Forex Market!

Game of Life: Visionary Insights into the Forex Market!

Regarding the EURUSD, here we have a stable situation where the upward movement continued, and currently we are pushing north again. There is still room for growth as we have formed another consolidation area, indicating further targets. The dollar played a significant role, being under pressure after the inflation data. Although I personally find this dollar slump somewhat unclear. Monthly inflation turned out lower than expected, but the annual one is within the forecasts and quite high. In any case, it is important to observe the further trading of the dollar. I am still on the sidelines and not considering deals at these prices. However, I believe there will be a push above 1.0885, and if the breakout turns out to be false, I will consider selling in the future.
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